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Foxconn looks to reduce reliance on Apple

Apple’s largest manufacturing partner, Foxconn, is reportedly undergoing a new shift in strategy to reduce its reliance on Apple. Recently, the company reported that its first quarter revenue was down 19.2 percent compared to last year, due to declining iPad and iPhone orders. “The decline in the business of our partners, such as Apple and Nokia, does affect us,” Foxconn spokesman Simon Hsing said. “We don’t want to just wait for orders. We are actively talking with many clients and asking if they can fully utilize what we make.” Some estimate the Taiwan-based Foxconn receives at least 40 percent of its revenue from Apple. Foxconn is looking to develop products of its own, with an “especially aggressive push” into large TVs. The company recruited Vizio to sell their TVs in the U.S., as Foxconn apparently doesn’t want to market its own brand. Apple declined to comment on the story. [via The New York Times]